How to Buy Genius Sports Stock
Genius Sports Ltd
dMY Technology Group, Inc. II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Genius Sports stock last closed at $9.87, down 4.45% from the previous day, and has increased 92.77% in one year. It has overperformed other stocks in the Internet Content & Information industry by 1 percentage points. Genius Sports stock is currently +101.02% from its 52-week low of $4.91, and -11.54% from its 52-week high of $11.16.
At the moment, there are 232.6M shares of GENI outstanding. The market value of GENI is $2.30B. In the past 24 hours, 2M GENI shares were traded.
How to Buy Genius Sports Stock
Not sure how to invest in Genius Sports stock? Here's how.
- Figure out where to buy Genius Sports stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Genius Sports stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your method of payment and add your info.
- Evaluate Genius Sports stock: The Genius Sports ticker symbol is GENI. Is Genius Sports stock a good investment? Should you buy shares of GENI? How do GENI's underlying business fundamentals look? Do top analysts think Genius Sports is a good buy? Why has GENI's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if GENI is a good stock to buy).
- Place your GENI buy order: Decide if you will purchase GENI shares at the current market price or use a limit order to purchase GENI stock at a specific price.
- Get key alerts regarding your investment in GENI: Create a watchlist to track your position in Genius Sports shares.
Step 1: Figure out where to buy Genius Sports stock
You need a brokerage account to access the NYSE market and buy GENI shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal information so you are able to invest in GENI today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start your new brokerage account.
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Step 3: Deposit money your investment account
Now that you have filled out your info on one of the best stock market apps, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring money into your investment account.
Step 4: Evaluate Genius Sports stock
After you have decided on the best place to buy Genius Sports stock, it's absolutely critical to research their stock prior to buying, so you can wrap your head around the risk as well as the upside.
Genius Sports shares at a glance
Genius Sports Fundamentals
WallStreetZen was created to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on GENI's stock page.
What is the fair value of GENI stock?
You can use many financial metrics, analyses, models, and charts to gauge GENI's intrinsic value.
Using relative valuations methods:
- GENI may be undervalued based on its P/B ratio of 4.01x, relative to Internet Content & Information industry P/B ratio of 5.45x
You can do more valuation research on GENI's stock here.
A quick look at GENI Financials
Passed Health Checks:
- GENI profit margin has gone up from -20.7% to -12.3% in the past year.
- Total GENI debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the GENI balance sheet.
- GENI has a low debt to equity ratio of 0.38.
- GENI's operating cash flow of $81.86M allows it to safely service it's debt of $7.51M.
- There are more short-term assets than long-term liabilities on the GENI balance sheet.
Failed Health Checks:
- GENI earnings of -$63.45M is not sufficient to cover its interest payments.
Do Wall Street analysts think it's a good time to buy Genius Sports stock
Out of 11 Equities analysts who research GENI, the consensus analyst rating on Genius Sports is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest GENI Analyst Recommendations
Eric Ross, a top 2% analyst from JMP Securities reiterates GENI with a buy rating and maintains their GENI price target from $11.00 to $11.00, on Jan 27, 2025.
Jordan Bender, a top 33% analyst from JMP Securities reiterates GENI with a buy rating and maintains their GENI price target from $11.00 to $11.00, on Jan 16, 2025.
Jason Bazinet, a top 5% analyst from Citigroup maintains GENI with a strong buy rating and raises their GENI price target from $10.00 to $12.00, on Nov 27, 2024.
Chad Beynon, a bottom 8% analyst from Macquarie maintains GENI with a buy rating and raises their GENI price target from $10.00 to $12.00, on Nov 13, 2024.
David Bain, a top 8% analyst from B. Riley Securities maintains GENI with a strong buy rating and raises their GENI price target from $10.00 to $12.00, on Nov 13, 2024.
B. Riley Securities's David Bain raised their price target on Genius Sports (NYSE: GENI) by 20% from $10 to $12 on 2024/11/13. The analyst maintained their Strong Buy rating on the stock.
Genius Sports reported its Q3 2024 earnings.
Looking ahead, Bain told readers that although management did not meaningfully change its FY 2025 forecasts, "the earnings call commentary implied that consensus' estimates are probably conservative."
B. Riley Securities believes Genius Sports "remains the best way to play visible online sports global gaming growth."
Earnings Report
For Q3 2024, Genius Sports reported:
- Loss per share of 0.02, which was in line with the Zacks Consensus Estimate and up from Q3 2023's $(0.06).
- Revenue of $120.2M, which beat the Zacks Consensus Estimate by 0.96% and Q3 2023's $101.73M.
For FY 2024, management guided:
- Revenue of $511M.
- Positive cash flow for the year.
Co-founder & CEO Mark Locke commented: “Our strong results are underpinned by our successful commercial execution, positioning us to capture profitable growth alongside our partners as the sports betting industry continues to evolve and expand.
“We are empowering partners across the sports ecosystem to better reach, engage, and monetize fans using our innovative technology and unique data-driven insights.”
You can dive deeper into what analysts are projecting on the Genius Sports stock forecast page.
GENI Momentum
GENI Revenue
Last year, GENI revenue was $510.89M. In the last five year, GENI's revenue has gone up by 34.84% per year. This was faster than the Internet Content & Information industry average of 18.2%.
Find out more about GENI's earnings and revenue performance here.
Who is buying/selling GENI?
In the past 12 months, insiders at GENI have not bought or sold any shares.
Learn more about who owns GENI stock here.
Can I get consistent income from GENI stock?
No, Genius Sports doesn't provide an income stream by paying out dividends.
What do other investors have to say about GENI?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your GENI buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you require more help buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in GENI
Now that you own some shares in GENI, you'll want to keep up with your investment.
Add GENI to a watchlist to keep tabs on your GENI stock.
GENI Feed
How to Buy Stock in Genius Sports
To reiterate, here are the 6 steps for buying Genius Sports stock:
- Figure out where to buy Genius Sports stock
- Sign up for a brokerage account
- Deposit money your investment account
- Evaluate Genius Sports stock
- Place your GENI buy order
- Get key alerts regarding your investment in GENI
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Genius Sports, create a watchlist on WallStreetZen today.
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